May
4
2009

Shipping Insurance Primer

A Simple Explanation of Shipping Insurance and the Benefits of Using Shipsurance

At the simplest, shipping insurance protects the shipper from loss, damage, or shortage to packages or freight while in transit. It is a form of ocean marine insurance and is the best way to protect your valuable items while in the care of the shipping carriers.

Most of the shipping carriers do not offer true insurance. They offer declared value coverage. With this coverage, they are not governed by insurance law, only by their own tariffs. They typically offer limited coverage on specific commodities and leave it to the shipper to find out what is and what is not covered.

Shipsurance offers all-risk coverage for your shipments. With a clearly defined excluded item list, you can ship with all the major carriers and not worry about their individual coverage requirements. Insurance rates are also a fraction of what the carriers charge and claims are handled professionally and quickly. Since our insurance coverage is integrated with most of the free carrier shipping systems, purchasing shipping insurance from Shipsurance is a smart decision.

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